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Changing your home is a huge decision involving your lifestyle priorities and likely, your biggest asset. Once you are clear on your personal goals, you want to feel sure about your buying and selling decisions. Check here regularly for the current report, and reach out to your agent for a strategy to get your best outcomes in the current market when the time is right for you.
The median sale price is the middle price of all homes sold in a specific area during a set time period. Half of the properties sold for more, and half sold for less. Unlike an average, the median isn’t skewed by unusually high or low sales, making it one of the most reliable indicators of local market trends. In Fairfield, Westport, and other Connecticut real estate markets, the median sale price helps buyers and sellers understand true home values, track price changes over time, and compare neighborhood-to-neighborhood market conditions.
Days on Market (DOM) measures the number of days a home is actively listed for sale before it goes under contract. A lower DOM indicates strong buyer demand and a fast-moving market, while a higher DOM can signal slower activity or overpriced listings. Tracking Days on Market in Fairfield, Westport, and surrounding Connecticut towns helps buyers and sellers understand market speed, competitiveness, and how quickly homes are selling over time.
Shows to Contract measures the average number of buyer showings the homes in a given month receive before they go under contract and ultimately close. This metric reflects buyer interest and market competitiveness. Fewer showings needed to secure a sale indicate strong demand, while a higher number may signal slower activity. The caveat to this is that it should be compared to the Market Time, because a high showing count with a short Market Time can also mean that a high volume of showings occurred and caused a bidding war in a competitive buyer market. Conversely, high average Shows to Contract with long Market Times indicates a sluggish market. Tracking Shows to Close in Fairfield, Westport, and nearby Connecticut markets helps buyers and sellers understand how much buyer traffic is needed to sell a home in current market conditions.
Months Supply of Inventory measures how long it would take for all current homes on the market to sell if no new listings were added, based on the current pace of sales. Low (<4) Months Supply indicates a seller’s market with limited inventory and strong buyer demand, while higher (>6) supply suggests a buyer’s market with more options and slower sales. Five to six months supply indicates a balanced market. Tracking Months Supply in Fairfield, Westport, and nearby Connecticut communities helps buyers and sellers understand housing inventory levels, market balance, and overall real estate conditions over time.
Homes for Sale represents the total number of active residential listings available on the market at a given time. This metric shows current housing inventory and helps buyers and sellers understand how many properties they’re competing with. Tracking the number of Homes for Sale in Fairfield, Westport, and surrounding Connecticut towns highlights shifts in supply, market competition, and overall real estate trends over time.
New Listings refers to the number of homes that come onto the market during a specific time period. This metric tracks fresh inventory and shows how many new opportunities buyers have to choose from. Monitoring New Listings in Fairfield, Westport, and nearby Connecticut towns helps reveal seasonal trends, seller activity, and shifts in local housing supply over time.
Pending Sales represents the number of homes that are under contract with accepted offers but have not yet closed. This metric is a strong indicator of current buyer demand and future closed sales. Tracking Pending Sales in Fairfield, Westport, and surrounding Connecticut markets helps show how active the real estate market is, how quickly buyers are acting, and where sales trends are headed over time.
Percent of List Price measures how close a home’s final sale price is to its original listing price. A value near or above 100% indicates strong buyer demand and competitive offers; lower percentages can signal softer market conditions or price reductions. Tracking Percent of List Price in Fairfield, Westport, and nearby Connecticut towns helps buyers and sellers understand market competitiveness, pricing strategy, and negotiation trends over time.
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